Karen.59 wrote:I want to know how much it costs to find out how much it costs to get a full and final settlement figure and how long before I know if acceptable
A full and final offer is different to a settlement. For a settlement figure you need to pay the balance of the full outstanding debt, fees and possible statutory interest. For a F&F offer you make an offer based on the number of months remaining ( plus 12 if the equity clause is likely to be triggered) multiplied by the current monthly payment (far less than a settlement).
A F&F usually take 2 - 3 months to put together ( unless you are with Payplan, who are currently taking nearer 6 months).
I'm about to make an offer but am uncertain how much to offer the creditors.
I am upfront with my IP about an inheritance but they have told me to decide how to put it to the creditors as I may be able to keep some monies and the IP will give back to me. I'm assuming this must be for medical reasons and not having a job since a bad accident at work which I won't recover from. Can there be any other reasons that can help me keep some monies to pay a lump sum off my mortgage. I have two years left to pay 54000 which I'm unable to do so will be without a home. If I pay all I have to mortgage is this likely to be accepted. Or will I be able to claim for work to be done on house ie plumbing work which is desperately needed. I also need a car as I cannot use public transport because of my disability. I did have an old car but that packed up last week and will be to expensive toput right with it being an old car. Is there anything else which I can legally claim for .
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